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Palm Oil Analytics expects Malaysian palm output to rise 5-8% and Indonesian output 3% in 2022 from 2021 levels. Malaysia's 2021 production is on track for the lowest level in five years after a labour shortage tied to COVID border closures cut supply by 8.8%.
A recovery in Malaysian and Indonesian palm output in 2022 would add supply to the vegetable oil market and ease price pressure, if worker approvals proceed on schedule.
ukragroconsult.comNov 5, 2021After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
